Is CTRI a good stock to buy? We came across a bullish thesis on Centuri Holdings, Inc. on Valueinvestorsclub.com by samwise9. In this article, we will summarize the bulls’ thesis on CTRI. Centuri Holdings, Inc.’s share was trading at $35.46 as of April 28th. CTRI’s trailing and forward P/E were 141.64 and 34.60 respectively according to Yahoo Finance.
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Centuri Holdings, Inc. operates as a utility infrastructure services company in North America. CTRI is positioned as a high-growth utility infrastructure services provider with significant upside driven by strong industry tailwinds, improving execution, and multiple expansion potential. The company targets a December 2028 price of $64, implying more than 100% upside and a ~30% IRR, supported by a ~22% EBITDA CAGR through 2029 and a re-rating to 14x EBITDA, still below peers trading at 15–16x.
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CTRI operates across gas pipeline and electric grid maintenance, repair, and installation, benefiting from long-term, non-discretionary utility capex driven by grid modernization, electrification, and stricter regulatory standards. Following a difficult post-spin period, new CEO Christian Brown has transformed the business by prioritizing growth, improving bidding processes, and driving operational discipline.
Recent developments strengthen the investment case, including the full exit of former parent Southwest Gas, removal of a key stock overhang, guidance for double-digit revenue growth in 2026, a meaningfully de-levered balance sheet, and robust bookings momentum with over 1.5x book-to-bill. CTRI’s backlog and industry demand visibility support a ~12% organic revenue CAGR through 2029, while margin expansion initiatives are expected to lift EBITDA margins to ~10%. Additionally, the company operates in a fragmented market, creating a substantial runway for accretive M&A, further supporting total EBITDA growth.
Despite these strengths, CTRI trades at a discount to peers despite a superior growth profile and lower project risk due to smaller, cost-plus contracts. As execution continues and market confidence improves, the valuation gap is likely to close. With multiple catalysts, strong fundamentals, and asymmetric risk/reward, CTRI represents a compelling opportunity for significant shareholder returns.
Previously, we covered a bullish thesis on Quanta Services, Inc. (PWR) by Bulls On Parade in May 2025, which highlighted its leadership in power infrastructure supporting AI-driven electricity demand, strong backlog, and disciplined capital allocation. PWR’s stock price has appreciated by approximately 115.79% since our coverage. samwise9 shares a similar view but emphasizes on Centuri Holdings’ faster growth, margin expansion, and valuation re-rating opportunity.
Centuri Holdings, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held CTRI at the end of the fourth quarter which was 49 in the previous quarter. While we acknowledge the risk and potential of CTRI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CTRI and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
